Facebook's IPO falls flat
Facebook’s arrival on the stock market was the most hyped-up tech IPO in recent memory, and while the company at first blamed issues with NASDAQ, the stock fell to less than half of its original value in the months after launch, and is just now starting to claw its way back. The bigger problem? It’s still not clear how the social network can extract lots of money from its 1 billion active users. The rush to monetize Facebook’s mobile products will define the company’s efforts in 2013, but the hits it took from the press and financial analysts in 2012 will not be soon forgotten.